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With this capital injection, Liard Optoelectronics Co., Ltd. subscribed for the new capital of the subsidiary by way of its own funds. Shenzhen Liard Optoelectronics mainly deals in the production of electrical LED screens, software and hardware development and sales of LED optoelectronic products, and import and export of goods and technologies.
It is reported that as of March 31, 2012, the Liard subsidiary's operating income was 48.18 million yuan, total profit was 2.34 million yuan, and net profit was 1.99 million yuan.
The capital increase will promote the development of the production and operation of the Liard subsidiary and improve the operating efficiency, enhance its ability to continue operations, and expand the international market share, which is conducive to the company's long-term planning.
Liard announced the capital increase of the wholly-owned subsidiary Shenzhen Liard Optoelectronics 30 million yuan
On May 22, the board of directors of Liard Optoelectronics Co., Ltd. decided to inject 30 million yuan into its wholly-owned subsidiary, Shenzhen Liard Photoelectric Co., Ltd. At this point, Shenzhen Liard Optoelectronics Co., Ltd. increased its capital to 50 million yuan.